Table 16-2 the Following Table Shows the Total Output Produced by the by the Top

question 477

Multiple Choice

Table 16-2
The following table shows the total output produced by the top six firms as well as the total industry output for each industry.

-Refer to Table 16-2.What is the concentration ratio for Industry B?

• A) about 12%
• B) about 32%
• C) about 39%
• D) about 51%

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Definitions:

Personnel Department

is the department within an organization responsible for hiring, training, and managing employees, as well as dealing with personnel-related issues.

Number Of Employees

The total number of individuals working for a company, including full-time, part-time, and temporary staff.

Direct Method

A method of allocating service departments' costs directly to production departments without intermediate allocations.

Machine Hours

Machine hours represent the total time a machine is operated within a specific period. This metric is often used in manufacturing to allocate costs based on machine usage.